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J2 Global, Inc. (NASDAQ: JCOM) announced the completion of four acquisitions and a divestiture in Q3 2021, expanding its global customer base and product offerings. Acquisitions include Solutelia and BigLinker, enhancing technology and health sectors. The divestiture involves B2B cloud-based data backup businesses. Financial terms were not disclosed, but impacts from acquisitions are not expected to be material. Notably, J2 Global will be renamed Ziff Davis, Inc. post-separation and will begin trading under the ticker symbol ZD on October 7, 2021.
Positive
Expansion of customer base through four acquisitions.
Access to new markets and enhanced product lineup.
Strategic divestiture of underperforming data backup businesses.
Negative
Financial impact from acquisitions is not expected to be material.
LOS ANGELES--(BUSINESS WIRE)--
J2 Global, Inc. (NASDAQ: JCOM), announced today that it completed four acquisitions and a divestiture in the third quarter of 2021.
The acquisitions listed below grow J2’s global customer base, provide access to new markets and expand J2’s product lineup. The acquisitions include:
Solutelia (asset)
Broadband (USA)
BigLinker (asset)
Technology (USA)
Diabetes Daily (asset)
Health (USA)
Arthur L. Davis Publishing Agency, Inc. (stock)
Health (USA)
Terms of the individual acquisitions were not disclosed, and the financial impact to J2 Global is not expected to be material with respect to those acquisitions.
In addition, J2 Global announced that it completed a divestiture of a collection of B2B cloud-based data backup businesses operating under the LiveVault, OffsiteDataSync and KeepItSafe brands.
About J2 Global®
J2 Global, Inc. (NASDAQ: JCOM) is a leading internet information and services company consisting of a portfolio of brands including IGN, Mashable, Humble Bundle, Speedtest, PCMag, RetailMeNot, Offers.com, Spiceworks, Ekahau, Everyday Health, BabyCenter and What To Expect in its Digital Media business and Consensus, eFax, eVoice, Moz, iContact, Campaigner, Vipre, and IPVanish in its Cloud Services business. J2 Global reaches more than 240 million people per month across its brands. As of December 31, 2020, J2 Global had achieved 25 consecutive fiscal years of revenue growth. For more information about J2 Global, please visit www.j2global.com.
On September 21, 2021, J2 Global announced that its Board of Directors approved its previously announced separation into two independent publicly traded companies – J2 Global, Inc. and Consensus Cloud Solutions, Inc. The separation is expected to be completed on October 7, 2021.
Following the separation, J2 Global, Inc. will be renamed Ziff Davis, Inc. and will trade on Nasdaq under the ticker symbol “ZD.”
